MBNA Loan

Compare MBNA loans

If you’re looking for a personal loan, you may be wondering what MBNA can offer you. New MBNA loans are not available at the moment, however there are a range of lenders who are currently offering new loans; you can use the free comparison tables below to have a look at some of the loans that may be available to you.

ProviderLoan AmountCredit HistoryRepresentative APRTerm 
£7,000 to £15,000Good Credit Only3.30%

£7,000 to £15,000 with a 1 to 5 year term

1 year to 5 yearsGet Quotes >
  • MARKET LEADING PERSONAL LOAN DEAL
  • 3.30% APR for personal loans between £7,000 and £15,000
  • Fixed repayment terms
  • Must be aged 18
  • UK Resident with a UK bank account
  • Minimum Income or pension before tax of £10,000

Representative Example: Based on an assumed loan amount of £8,000 over 60 months at a Representative APR of 3.3% p.a. (fixed), you will repay £144.64 per month. Total amount you repay £8,678.64.

£1,000 to £25,000Good Credit Only3.30%1 year to 5 yearsGet Quotes >
  • MARKET LEADING PERSONAL LOAN DEAL
  • Low Rates - Quote takes 3 minutes
  • No early repayment fees
  • Voted most trusted loan provider (Moneywise customer service awards 2010 - 2015)
  • Must be aged 18
  • UK Resident with a UK bank account

Representative Example: Based on an assumed loan amount of £10,000 over 60 months at a Representative APR of 3.3% p.a. (fixed), you will repay £180.98 per month. Total amount you repay £10,858.69 which includes £778.69 interest at 3.0% fixed and a £80 fee. The total amount of credit is £10,080. 

£7,500 - £14,999Good Credit Only4.60%1 to 5 YearsGet Quotes >
  • Fixed Interest Loan Rate
  • No set up charges or hidden fees
  • Instant Online Decision
  • Must earn at least £750 pm (can be combined income)
  • Must be aged 18
  • If self employed must be homeowner and supply 1 years audited accounts

Representative Example: 4.60% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 60 months at an interest rate of 4.60% p.a. (fixed). Monthly repayment £186.46. Total amount payable £11,187.60.

£20,000 to £200,000Good Credit Only4.68%3 to 25 YearsGet Quotes >
  • Interest Rates from 4.68%
  • Market leading homeowner loan deal
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APRC is 4.80% - Based on an assumed loan amount of £20,000 over 10 years at an interest rate of 4.80% p.a. (fixed) you would pay £233.00 a month and £27,960 in total.

£1,000 to £20,000Fair & Bad Credit39.50%1 to 5 YearsGet Quotes >
  • Rebuild Your Credit
  • Interest rates start from 9.3% APR
  • Instant Online Decision using 'soft' credit searches
  • No arrangement fees or early repayment charges
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 48.20% - Based on an assumed loan amount of £3,000 over 36 months at an interest rate of 48.20% p.a. (fixed) you would pay £145.65 a month and £5,243.40 in total.

£1,000 to £7,000Fair & Bad Credit49.50%1 to 5 YearsGet Quotes >
  • Guarantor Loans - Your guarantor can be a homeowner or a tenant
  • Fixed monthly repayments
  • No set up fees
  • Instant decision
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 49.5% - Based on an assumed loan amount of £3,500 over 36 months at an interest rate of 49.5% p.a. (fixed) you would pay £170.41 a month and £6,134.76 in total.

£1,000 to £20,000Fair & Bad Credit99.9%1 to 5 YearsGet Quotes >
  • Interest Rates from 35.9% - 99.9%, depending on the information you provide in your application
  • Fixed monthly repayments
  • Instant Online Decision
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 99.9% - Based on an assumed loan amount of £1,500 over 24 months at an interest rate of 71.3% p.a. (fixed) you would pay £118.88 a month and £2,853.12 in total.

While MBNA loans are not currently available you may wish to look for an alternative option with similar features such as:

 

  • Loans from between £5,000 and £25,000
  • Make no repayments for the first four months
  • A flexible repayment period from one to eight years

 

Loan Calculator

 

As MBNA loans are not available at the moment there is not a MBNA loan calculator, however many lenders do. If you are interested in getting a loan from a provider you could use their loan calculator to get an indication of what it could cost you in repayments. You normally just need to enter the amount you want to borrow and how long you want the repayment period to be.

 

Most loan calculators work out your estimate based on the lenders Representative APR for a loan of that size, however if you decide to apply for a loan there is the chance that the lender, once they have assessed your credit score and other financial information, will offer you an alternate APR meaning the amount you are expected to repay would be different. 

 

Before you take out a loan

As loans can vary greatly, it is important to shop around before you app

ly to make sure it is the best choice for you. As well as comparing different financial products, you may also want to look into alternatives to borrowing to see if they could better suit your needs, for example if you already have the required sums saved, then it may be better to use your savings than to borrow. This is because interest you earn from your savings may be less than the rate of interest that you would need to pay on your loan.

 

It is also important to consider if you are thinking of taking out alone to consolidate debt that spreading your payments over a longer term means you may ultimately be paying more overall than with your existing arrangements, even if the interest rate on this new loan is less than the rates you have at the moment.

 

The free comparison tables above can help you compare different personal loans; you can use them to consider what might be a good choice for you. When thinking about taking out a loan consider what features are most important to you.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.